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Hugoton Royalty Trust Message Board

  • A Yahoo! User Nov 29, 2012 1:04 PM Flag

    TRUSTEE PLEASE: Return the other dividends withheld from unit holders

    If the Special Magistrate ruled that Unit Holders were not responsible for paying the settlements (maybe big oil XOM and XTO are ?) then please return my distrubutions from the prior months that were already withheld PLEASE !!!

    signed Mr. UNIT HOLDER (subject of class action law suit if you don't) just to be fair in the interim

    Sentiment: Hold

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    • If you bothered to read the press release you would know that "The Tribunal denied the trust's request for an interim order directing XTO Energy to pay the trust the amounts offset against the trust's September and October 2012 distributions".

      And it is not correct that there is a ruling that unit holders are not responsible for paying the settlements, only that the amounts will not be deducted until the arbitration decision is made (the hearing is in May). If the tribunal decides that the trust must pay its share then the suspension of deductions is just a postponement.

      You seem to have no idea what is going on. Reading the distribution announcements and press releases would help you understand a bit better.

    • XTO has your money. Sue them. The trustee gets the payment from XTO and passes it to you.

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